According to the “Sydney Morning Herald”, the wealthy people who bought houses all over the world, after spending a lot of money, crowded out local buyers and pushed up house prices. Foreigners in New Zealand faced a ban on buying houses.

As early as the end of 2017, the New Zealand “Overseas Investment Law Amendment”, known as the “Foreigners’ House Ban”, was reviewed and approved. After a long wait, recently, New Zealand’s purchase restriction policy is finally about to officially begin.

In Auckland, New Zealand’s largest city, international buyers account for 18.7% of the purchases.

Mainland Chinese residents are New Zealand’s largest foreign buyers, followed by Australia, the United Kingdom and Hong Kong residents.

A few years ago, there was a legend in the Chinese New Zealand circle called Luo Huofang. This person is a New Zealand immigrant of three generations. Born in New Zealand and grew up in New Zealand, he is able to learn from his own hands and learn the best skills of real estate.

When he was in his 50s, he suddenly discovered that it was a profitable thing to do real estate speculation in New Zealand. So he studied hard and realized his own theory of real estate speculation. He consolidated and perfected it in the course of continuous practice for more than ten years. Finally, I was awarded the title of ‘The Godfather of Real Estate.’

The ‘real estate godfather’ record is: I own 31 properties in New Zealand, there are 600 disciples under the door, specifically to learn how to speculate with them, these disciples together, in New Zealand has 1,700 properties.

They have not learned the wisdom of ‘suffocating the big money’, and earning money in the crazy real estate, but also highly publicized their ‘real estate secrets’ to the outside world.

The essence of this ‘real estate secrets’ is summarized as seven D, both:
1. Deceased estate who died unfortunately;
2, De-Bank (MortgageeSale) change family;
3, Deadline can not afford the loan;
4. Divorces divorced couples;
5, Dummies do not know how much money their house can sell idiots;
6. Property developers with a broken capital chain in the Developers business;
7, Desperate is in despair;

To put it bluntly, this so-called “7D principle” is to find ways to start with vulnerable groups, use information asymmetry or family members of disadvantaged groups to gain profits, buy their properties at prices far below the normal value of the market, and then Try to raise the price and sell it at a high price.

Buying a house and selling a house was originally a normal market economy. The reason why New Zealanders hate Rojo’s enthusiasm and ask Asians to leave New Zealand is because Roho’s real estate behavior has seriously affected the quality of life of ordinary New Zealanders.

But since President Trump was elected, more and more wealthy Americans have bought spare properties in New Zealand, which once became an international headline. In recent years, New Zealand’s appeal to the super rich has been frequently seen in newspapers.

PayPal founder, technology billionaire Peter Thiel and former NBC host Matt Lauer and other tycoons have come to New Zealand to buy a house.
The government led by Prime Minister Jacinda Ardern blamed this for a major housing crisis, with New Zealand’s homelessness ranking among the best in the developed world.
Ardern’s Labour Party insists that a law prohibiting foreigners from purchasing most types of housing in New Zealand will help curb housing prices.

They also plan to build 100,000 affordable housing in 10 years, address New Zealand’s zoning and infrastructure issues, and support the troubled construction industry.
The bill still allows foreigners to buy new apartments in large developments and multi-storey buildings. Existing homes are still banned from non-resident purchases, but people from Australia and Singapore will be exempt from the ban due to free trade rules.